Lawrenceville Land with Development
For Sale
$1,050,000
Pending
1192 Margo Trail, Lawrenceville, GA 30043
Land, Lawrenceville, GA
Property Size5,117 SF
Lot Size8.93 Acres
Days on Market95
Property Features for 1192 Margo Trail
General Information
Property type
Land
Property subtype
Single Family Residence
Zoning
Mixed
Zoning description
Developed/Zoned Residential
Vegetation
Heavily Wooded
Fencing
Chain Link
Lot features
Flood Plain, Lake On Lot, Private
View
Lake
Elementary school
Jackson - Gwinnett
Middle school
Northbrook
High school
Peachtree Ridge
Directions
Use GPS. Sever Woods Drive to right on Margo Trail. At the end of the cul-de-sac drive onto the gravel driveway - to the right is 1192 Margo Trail (second access point). If you go on the left for and stay right it takes you down to 1192 Margo Trail on right and 1473 Sever Rd on left. If you go left and take the lesser used left fork, it takes you up to 1215 Margo Trail. Again, do not enter into any of the properties.
Standard status
Pending
APN
R7045 034
Lot size
8.93 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9881
Utilities
Utilities
Cable Available
Water front features
Lake Front
Water front
1
Building Details
Year built
1978
Floors in Building
1
Architectural style
Ranch
Listing Agency:
Keller Williams Realty Atlanta Partners
(678) 775-2600
Listed By:
PATTI MARTINEZ AND ASSOCIATES
(678) 772-2979
Added: May 29
Changed: Aug 26
Last Checked: Aug 31 at 4:06PM
MLS# 7778985
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 8.93-acre property in Lawrenceville, GA, presents a unique opportunity for building a dream home in a private setting or for development purposes. The rear of the property features approximately 480 feet of frontage on Lake Chadwick. The property comprises three parcels: 1192 Margo Trail (0.98 acres), Margo Trail (4 acres), and 1473 Sever Rd. (3.95 acres). A 1008 sq ft ranch home, currently tenant-occupied, is located on the 1192 Margo Trail property; its condition is unknown. 1473 Sever Rd. has a 2079 sq ft ranch home on a full finished basement (4109 total sq ft) that requires a full interior rehab; the basement is tenant-occupied. The 4-acre Margo Trail parcel has no street number and no structures. The current zoning is R100 for the two properties with homes and RZT for the other property. The homes are currently on septic, but sewer access is available along the lake side for development. The structures are being sold in "as-is" condition.
Key Highlights
- Large Acreage: 8.93 acres total, offering ample space.
- Lake Frontage: Approximately 480 feet of frontage on Lake Chadwick, providing waterfront access and views.
- Sewer access along the lake side supports development opportunities.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$68,742
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,374,840
$1.4M
Cap Rate 7%
$982,029
$982.0K
Cap Rate 9%
$763,800
$763.8K
Market Conditions
NOI Build-Up for 5,117 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$133.2K $26.04/SF
− Vacancy
−$8.3K −$1.61/SF
EGI
$125.0K $24.43/SF
− OpEx
−$56.2K −$10.99/SF
NOI
$68.7K $13.43/SF
Area
Gwinnett County, GA
Vacancy
6.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,374,840
Cap Rate 7%
$982,029
Cap Rate 9%
$763,800
Alternative Uses
Best Use
Apartment 5plus
$982.0K
$859.3K – $1.15M
NOI $68,742 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,128 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
Explore this area
Business Placement
Demographics for 30043, GA
88,453
Population
30,251
Households
2.9
Avg Household Size
37
Median Age
40%
College-Educated
89%
High-School Grad
33.1 sq mi
ZIP Area
2,672
Density / Sq Mi
$91,299
Median Household Income
$44,207
Median Earnings
$1,787
Median Rent
$344,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 8.93 acres with development potential and lake frontage.
Where is this residential land & home lot located?
The property is located at 1192 Margo Trail Lawrenceville, GA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Large Acreage: 8.93 acres total, offering ample space.; Lake Frontage: Approximately 480 feet of frontage on Lake Chadwick, providing waterfront access and views.; Sewer access along the lake side supports development opportunities.
